secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001558370-25-006607
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex Q1 revenue $177.1M (+12.9%); net income $11.1M vs $2.7M YoY
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- Revenue $177.1M (+12.9% YoY); cloud revenue $80.2M (+29.6%); subscription revenue $150.8M (+14.4%).
- ARR $618.5M (+17.9%; 15.1% organic); NRR 109%; GRR 95%.
- GAAP net income $11.1M ($0.07 EPS) vs $2.7M ($0.02 EPS) YoY; Non-GAAP EPS $0.15.
- Adjusted EBITDA $37.2M (21.0% margin) vs $36.7M (23.4% margin) YoY; operating income $4.5M vs loss $1.6M.
- CEO highlights progress on e-invoicing and AI; includes investment in Kintsugi AI with IP sharing agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837025006607/0001558370-25-006607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837025006607/verx-20250507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-006607

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer